-

Granite Embarks on Multimodal Pathway in the Coachella Valley

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE:GVA) has been awarded an approximately $20 million contract by the Coachella Valley Association of Governments (CVAG) to construct the next segment of what will ultimately be a 40-mile pathway in Southern California from Palm Springs to Thermal. This project completes segments in the cities of Palm Springs and Cathedral City. Project funding comes from CVAG and will be included in Granite’s second-quarter CAP.

The multimodal pathway will provide a route for pedestrians, bicyclists, and low-speed electric vehicles, reducing vehicular traffic. This pathway will not only connect communities but also provide residents with an alternative outlet for outdoor activity. Granite successfully constructed an on-street portion of the CV Link in Palm Desert in 2021. This new project aligns Granite’s home market strategy, further cementing its position within the Coachella Valley.

“Granite has been a proud member of the Coachella Valley community since 1992 and is honored to be a part of this transformative project,” said Bill Moore, Granite Vice President of Regional Operations. “We have a long history of constructing projects for both the City of Palm Springs and the City of Cathedral City, and much of our craft workforce that will construct this project resides right here in the Coachella Valley.”

Granite’s Desert Cities Asphalt Plant will supply a portion of the materials for the project.

The project is expected to begin in July 2024 and be completed in July of 2025.

About Granite

Granite is America’s Infrastructure Company™. Incorporated since 1922, Granite (NYSE:GVA) is one of the largest diversified construction and construction materials companies in the United States as well as a full-suite civil construction provider. Granite’s Code of Conduct and strong Core Values guide the Company and its employees to uphold the highest ethical standards. Granite is an industry leader in safety and an award-winning firm in quality and sustainability. For more information, visit the Granite website, graniteconstruction.com, and connect with Granite on LinkedIn, X, Facebook, and Instagram.

Contacts

Granite Contacts
Media
Erin Kuhlman - 831-768-4111
Investors
Wenjun Xu - 831-761-7861

Granite

NYSE:GVA

Release Versions

Contacts

Granite Contacts
Media
Erin Kuhlman - 831-768-4111
Investors
Wenjun Xu - 831-761-7861

More News From Granite

Granite Appoints George L. Nash, Jr. to Board of Directors

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE: GVA) announced today the appointment of George L. Nash, Jr. to its Board of Directors, effective August 5, 2026. With more than three decades of leadership experience across the global energy, infrastructure, and construction sectors, Mr. Nash brings extensive operational, strategic, and governance expertise to support Granite’s continued growth and long-term value creation. Mr. Nash most recently served as Chief Executive Officer of the Nort...

Granite Reports Second Quarter 2026 Results

WATSONVILLE, Calif.--(BUSINESS WIRE)--Granite (NYSE: GVA) today announced results for the quarter ended June 30, 2026. Second Quarter 2026 Results Net loss attributable to Granite totaled $278 million, or $(6.36) per diluted share, compared to net income attributable to Granite of $72 million, or $1.42 per diluted share, for the same period in the prior year. The net loss was driven by a $360 million non-operating loss on convertible debt transactions associated with our 3.75% convertible notes...

Granite Subsidiary Memphis Stone & Gravel Opens New River Yard in Memphis to Expand Regional Aggregate Supply

WATSONVILLE, Calif.--(BUSINESS WIRE)--Memphis Stone & Gravel, A Granite (NYSE: GVA) Company, announced today that it has opened the new River Yard aggregate sales facility in Memphis, Tennessee. Strategically located on the Mississippi River, the River Yard receives limestone products barged from Warren Paving's Slats Lucas Quarry in Salem, Kentucky, connecting operations within Granite's integrated materials network to create long-term value across the Southeast. The six-acre site official...
Back to Newsroom